If you spin a motor with a fixed magnetic field, as is produced by the permanent magnets of the motors in question, it will produce a back EMF voltage on the armature terminals proportional to the velocity. The fundamental equation is:
E = Ke * w
where E is the back EMF voltage, w is the motor velocity, and Ke is the back-EMF constant. For brushless motors, the back EMF is an AC waveform, so E can be expressed as either a peak or RMS magnitude.
It does not matter how you spin the motor -- the back EMF voltage will be there. If you spin it mechanically, as with a steam turbine, the back EMF is pretty much the only contribution to terminal voltage. This is how we generate the vast majority of the world's electricity.
You can also spin the motor by applying current to the armature terminals. This will require an additional voltage for the I*R needed to force the current through the armature resistance. (We'll ignore L*di/dt effects for now.) The key is that this voltage is in addition to the back EMF voltage due to the motor speed.
SMUG -- I am virtually certain you are asking about torque LIMITS as a function of speed. So the question is what limits you at various speeds.
Most industrial servo motors designed to run off hundreds of volts (as yours are) are limited by current at low speeds. Too much current can (a) fry the winding insulation, (b) demagnetize the magnets, and/or (c) overheat the motor. (This further means that if you apply full supply voltage to a stopped or slowly moving motor, even very briefly, you will fry the motor somehow. Remember that these motors have different instantaneous current limits (for degmagnetizing and insulation breakdown) and continuous current limits (for overheating)
Since motor torque is proportional to current (you were correct, Clyde), when you are current limited, you are torque limited. This will apply up until the speed where the total terminal voltage V = Ke*w + Imax*R equals the supply voltage. Above this speed, you have less and less voltage "headroom" to apply current, so the amount of current you can apply, and therefore the amount of torque you can generate, falls off pretty much linearly as speed increases, up until the speed where back EMF equals supply voltage, at which point there is no capability to apply current and generate torque. This is the "no-load" speed.
It does not matter how you are modulating from the supply voltage -- PWM, linear modulation, or other -- this argument applies.
Note that many motors designed to run from very low voltages, say 12-48V, are voltage limited over the entire speed range.
Looking back on your questions, you may have some confusion between torque limits for a motor and the torque created for a given voltage and current. The torque will always be proportional to current, and the voltage will be the sum of the back EMF plus the electrical drops, mainly IR. These relationships will apply anywhere within the outer envelope of performance described by the curve you mention.
Curt Wilson
Delta Tau Data Systems